The knotty problem of data breaches

Last month, people in India woke up to the news about the largest data breach in the country. It involved data stolen from 3.2 million debit cards between 25 May and 10 July from a network of bank ATMs, managed by a Japanese payment services company. However, the breach was reported in the media only on 21 October. This fraud is simply a case in point. It was only this January, for instance, that the data of over 7 million users of the mobile edition of the popular game Minecraft was breached.